The Greedy Trader Weekly Analysis
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Johnson & Johnson
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Johnson & Johnson (JNJ). During the week, the JNJ gave back -1.20 points, or -0.91%, and closed at 130.75 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -29% below average.

JNJ is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See JNJ long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 46.25 and reached 148.32 on January 17, 2018. JNJ gained -102.07 points, or -220.69%, in 462 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 98.01 and resistance is at 144.85. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 81.79 and reached 148.32 on January 17, 2018. JNJ gained -66.53 points, or -81.34%, in 125 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (144.87) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See JNJ short-term trend chart]
A short-term uptrend had started on May 29, 2018 at 118.62 and reached 133.00 on August 2, 2018. JNJ gained -14.38 points, or -12.12%, in 65 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 121.85 and resistance is at 134.29. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.76
Williams' Percentage Range (W%R) 20.50
Lane's Stochastic (%D-Slow) 42.72
Greed/Fear Indicator (GFI) 63.67
Moving Average Converg./Diverg. (MACD) 1.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.16
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 84.94
Overbought
Greed/Fear Indicator (GFI) 75.70
Moving Average Converg./Diverg. (MACD) -2.23
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 156.78
Quarterly Trendline Support 144.87
Yearly Trendline Resistance 144.85
Upper Bollinger Band 134.56
Weekly Trendline Resistance 134.29
Parabolic System 133.13
Daily Stochastic Crossing 131.16
Weekly Stochastic Crossing 130.98
Price 130.75
20 Day Moving Average 129.85
50 Day Moving Average 125.86
Lower Bollinger Band 124.92
Weekly Trendline Support 121.85
Monthly Trendline Support 118.46
Monthly Trendline Resistance 113.96
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 136
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 120.11
Low Date 07/02/2018
High 133.00
High Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 134.29
Support 121.85
Low 118.62
Low Date 05/29/2018
High 133.00
High Date 08/02/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 113.96
Support 118.46
High 148.32
High Date 01/17/2018
Low 118.62
Low Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 156.78
Support 144.87
Low 81.79
Low Date 08/24/2015
High 148.32
High Date 01/17/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 144.85
Support 98.01
Low 46.25
Low Date 03/09/2009
High 148.32
High Date 01/17/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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